Day: April 26, 2020

The liability of a shareholder in a limited company, to the company, cannot exceed . . .?

Select ONE answer:

1. any amount unpaid on his / her shares.
2. the amount called up on his / her shares.
3. the total value of his / her personal net assets.
4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct – any amount unpaid on his / her shares.
   the amount called up on his / her shares.
   the total value of his / her personal net assets.
2. Not correct
3. Not correct
4. Not correct

 

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